XRP Price Alert March 19: Ripple vs. SEC – Settlement or More Legal Shadows?
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See what traders are focused on
- Lawyer Bill Morgan said that uncertainty in the Ripple vs. SEC lawsuit could hurt XRP.
- XRP is currently retesting the 20-day EMA at the $2.34 price level.
- If bears prevail and XRP is unable to hold the $2.18 support level, it could revisit $1.90.
As Ripple’s protracted legal battle with the United States Securities and Exchange Commission (SEC) continues, speculation about a potential settlement is gaining traction.
With the April 16 deadline for Ripple’s reply brief in the SEC’s appeal process drawing closer, whispers are suggesting that the regulatory body might be considering withdrawing its case.
Could a Resolution Be Imminent?
Crypto commentator Andrew Parish hinted at an imminent resolution, citing SEC insiders who anticipate a reduced fine and a reclassification of XRP toward commodity status. If this pans out, it could be a significant decision with implications not just for XRP but potentially setting a precedent for the broader cryptocurrency industry.
On the other hand, lawyer Bill Morgan remains cautious, emphasizing that the ongoing uncertainty surrounding the Ripple vs. SEC case—whether due to a final settlement or a prolonged…
The post XRP Price Alert March 19: Ripple vs. SEC – Settlement or More Legal Shadows? appeared first on Coin Edition.
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